Pet Valu (TSE:PET) Shares Down 14% – Should You Sell?

Shares of Pet Valu Holdings Ltd. (TSE:PET) fell 14% during trading on Tuesday . The company traded as low as C$23.91 and last traded at C$24.30. 460,497 shares changed hands during mid-day trading, an increase of 198% from the average session volume of 154,311 shares. The stock had previously closed at C$28.27.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. TD Securities lowered their price objective on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Royal Bank Of Canada decreased their target price on Pet Valu from C$43.00 to C$40.00 in a research note on Wednesday, November 5th. Canadian Imperial Bank of Commerce dropped their target price on shares of Pet Valu from C$42.00 to C$36.00 in a research report on Wednesday, November 5th. Barclays cut their price target on shares of Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. Finally, Desjardins set a C$38.00 price objective on shares of Pet Valu and gave the company a “buy” rating in a research report on Friday, December 19th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$38.56.

Pet Valu Price Performance

The firm’s 50 day moving average is C$28.50 and its 200 day moving average is C$31.85. The company has a market capitalization of C$1.74 billion, a PE ratio of 18.42 and a beta of 0.87.

Pet Valu (TSE:PET) last posted its earnings results on Tuesday, March 3rd. The company reported C$0.42 earnings per share (EPS) for the quarter. The company had revenue of C$326.36 million for the quarter. Pet Valu had a return on equity of 115.89% and a net margin of 8.51%. As a group, analysts predict that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current fiscal year.

Pet Valu Company Profile

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.